The Danish ocean carrier’s plan to acquire Hamburg Süd in 2017 caps a landmark year for consolidation in the container shipping industry, noted Mario Cordero, the chairman of the Federal Maritime Commission.
The U.S. Department of Transportation’s Federal Motor Carrier Safety Administration today announced a final rule establishing a national database for the drug and alcohol testing records of commercial truck and bus drivers.
Transportation and logistics companies added 8,900 positions last month, following a revised 12,200-job increase in October, according to recent preliminary data from the U.S. Department of Labor.
Registration takes less than 1 minute.
The Israeli ocean carrier said its focus on select markets and investment in customer service will improve its position to endure the shipping crisis.
Rates from Shanghai to the Mediterranean, which hold a 10 percent weight on the index’s overall reading, fell 6.3 percent from last Friday to $738 per TEU.
Since last week alone, the index has fallen 4.1 percent to a reading of 825.10, with rates declining from Shanghai to Northwest Europe, the Mediterranean and the United States.